The IRS will “revisit a number of the decisions in this package” and “there may be changes,” said Peter Blessing, the ...

The new tax law makes substantial changes for the 2025 tax year. Here are 6 new tax provisions that could help you save on ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers four questions on the "One Big ...

President Donald Trump signed a comprehensive budget reconciliation bill into law, loosening rules around health savings accounts (HSAs), extending telehealth relief, and providing additional income ...

An under-the-radar provision inside President Donald Trump’s “One Big, Beautiful Bill Act” will reduce the amount of gambling ...

The rule was introduced by former President Lyndon B. Johnson in 1954 when he was serving as the U.S. Senate majority leader.

A small provision added to President Donald Trump’s “One Big Beautiful Bill Act” — that came to light days before the ...

The sprawling budget bill signed into law by President Donald J. Trump on July 4 after it squeaked through Congress has many ...

The abundant iconic Las Vegas casinos convince high-rollers to come, stay, play, and keep dropping big bucks at the gaming tables, offering free hotel stays, all-you-can-eat dining, and event tickets ...

The US Treasury repeals controversial crypto tax rule, signaling a shift towards pro-crypto policies for industry growth.

Poker players say tax change in Trump bill will kill professional gambling. Rep. Mark Amodei from Nevada says he didn't know ...

Under prior law, taxpayers could deduct gambling losses up to the extent of their winnings from their taxable income. A provision tucked into the new tax law advanced by the Republicans lowers that ...